First investment
6 July 2015
Status
Current
Total investment
£1.75m
Fund
NIIF1
Nesta has invested £2.65m over 5 rounds into Third Space Learning since 2015. TSL is a leading provider of one-on-one maths tuition online, at each stage enabling the business to develop its technology, attract larger rounds of capital and bring in new institutional shareholders.
Impact Objective: To increase educational attainment in maths in school aged children
The business sells into UK primary schools and directly to families and enables children who are falling behind to catch up. Low numeracy is a strong predictor for long-term deprivation and is linked to unemployment as well as problems in work and home life. Children that fall behind early on experience more difficulty in making up the attainment gap, hence early intervention is needed.
Third Space Learning’s technology facilitates and records thousands of hours of teaching every week. This data provides unrivalled insight and enables the company to significantly augment the ability of its teacher community. Its proprietary platform allows the company to offer this expertise at scale.
Third Space Learning’s proprietary online teaching platform connects low cost, high quality tutoring supply from emerging countries to children in need in developed economies, making one-to-one learning affordable and scalable to reach the mass market.
See also
BeApplied
We’ve exited our shareholding in Applied, an innovative platform which uses behavioural science to open up employment opportunities more widely. In this case study we talk about why we invested...
Empiribox
Empiribox is a science education blended learning provider that supplies resources for primary school teachers to teach practical science lessons. Empiribox subscribers are sent science equipment, lesson and assessment resources...
Skin Analytics
Skin Analytics (SA) uses AI to give a diagnosis for cases of suspected skin cancer. It is positioned as a clinical grade tool for professional use. Performance is well evidenced to be...